BA 508 wk 1

Multiple choice Question one3 Carefully explain what is happening in the following market. Indicate the impact , if any on demand, supply,price and quantity. Chose from the following what will happen to each ; increase towards equilibrium, no impact,excess supply, change in price uncertain, decrease equilibrium quantity, increase equilibrium price, change in quantity uncertain, decrease towards equilibrium, decrease equilibrium price, shift outward to right, shift inwards to left , excess demand , increase towards equilibrium. 1a) In Academics year 2020/21 , the university of the west indies mandated that all students must take principles and economics as a core requirement for their major. Concurrently , the university bookshop made their order for the principle and economics text books based on the number of registered students in the last academic year (2019/2020).1b) The price of input for the production of BrandX handbags have increased .Concurrently, taste and preferences has…

Using supply and demand diagrams, SHOW AND EXPLAIN the market of onions (red or white) based from the article stated below. Identify the factor/determinant, link it with briefly the event, then indicate the effect on either the demand or supply, and equilibrium price and quantity. Complete notation applies which means numerical figures of onion prices should be seen in the graph matching the figures stated in the news article. Please do not research anymore prices other than what is specified in the article. Scanned handwritten/digitally hand-drawn graphs are allowed in the PPT slide. Source: "DA exec rules out option to import onion as farm harvest season starts" https://businessmirror.com.ph/2022/12/20/da-exec-rules-out-option-to-import-onion-as-farm-harvest-season-starts/#:~:text=DA%20exec%20rules%20out%20option%20to%20import%20onion%20as%20farm%20harvest%20season%20starts,-byJasper%20Y&text=Any%20plans%20to%20import%20onion,Panganiban%20said.

The Unique Gifts catalog lists a "super loud and vibrating alarm clock." Their records indicate the following information on the relation of monthly supply and demand quantities to the price of the clock. Demand Supply Price 166 131 $31 146 181 $43 Use this information to find the following. (a) points on the demand linear equation (x, p) (smaller x-value) (х, р) %3 (larger x-value) points on the supply linear equation (х, р) (smaller x-value) (x, p) = ( ) (larger x-value) (b) the demand equation p = (c) the supply equation p (d) the equilibrium quantity and price Equilibrium occurs when the price of the clock is $ and the quantity is

Please help question 2 thanks!

Panel B Panel A S₁ S₁ X X Quantity (per period) Panel C S D₂ P Quantity (per period) D₁ Quantity (per period) Reference: Ref 3-9 Figure: Shifts in Demand and Supply Panel D S D₂ Quantity (per period) (Figure: Shifts in Demand and Supply) Use Figure: Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose a fall frost destroys one-third of the nation's orange crop. Which panel BEST describes how this will affect the market for vitamin C tablets, which are a substitute in consumption for oranges?

13. How shifts in demand and supply affect equilibrium Consider the market for pens. Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school. Moreover, the price of ink, an important input in pen production, has dropped considerably. On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move curve and it snaps back to its original position, just drag it a little farther.

Confused and don’t know what steps to take to solve

The demand and supply schedules in this table list the quantity supplied and quantity demanded of steelworkers at different salaries. Provide your answer below: Annual Salary ($) 60000 40000 20000 Annual Salary $40,000 $45,000 $50,000 $55,000 $60,000 огсгт The highest and lowest points on the supply and demand curves have been plotted for you and are stationary. Using the demand and supply schedule provided above, move the other points on the graph to their correct coordinates to discover the equilibrium point where the demand curve of those employers who want to hire steelworkers intersects with the supply curve of those who are qualified and willing to work as steelworkers. 0 Demand and Supply of Steelworkers Quantity Demanded Demand 20, 000 15, 000 10, 000 (4000, 37-000) 5,000 0 (13000, 58000) (18000, 66000) Supply (11000, 50000) (6000, 27000) (13000, 32000) 20000 Quantity Supplied 10,000 15, 000 20, 000 40000 Quantity of Workers 25,000 30,000

Assuming the Petroleum Company of Barbados did not issue a directive for an increase in supply and a decrease in demand, explain the problem that would exist in the economy and how would this be corrected over time. Discuss one factor EACH that you think influence demand and supply for water heaters. Provide examples

Please assist

QUESTION  The Zambian soya market is growing rapidly with some exports being recorded. Soya beans are another type of beans which provides oil and vegetable protein more than many other plants. The growth in soya beans production and processing is mainly driven by the fast-growing poultry sector. The climate in Zambia is largely favourable for soya production and the arable land is vast enough to accommodate future expansion. The growth of this market made the Soybean Market in Zambia to be ranked 20th in 2020 from previous ranking of 37th. Given that the data in the demand and supply schedules below represents the market for Soybeans in Zambia; Price Quantity Supplied (packs) Quantity demanded (packs) K80 100 500 K90 150 450 Price Quantity Supplied (packs) Quantity demanded (packs) K100 250 400 K110 350 350 k120 450 300     REQUIRED What is the equilibrium price and quantity of Soybeans?                         What…

Thank you for the first answer. Could you write an introduction and conclusion. I am lost and don't know how to write them.    The price of raw sugar reached its highest level since 1981 due to problems with supply. Historically, raw sugar has traded at between 10 and 12 US cents per pound at the New York Board of Trade.  But the price increased to over 18 cents last month. Growing demand in Brazil for sugar to be turned into ethanol for fuel, coupled with a sharp fall in Indian production have both been factors in the price increase. Sugar production in India for 2008-09 fell 45% year-on-year due to less rain in the monsoon season damaging a number of agricultural crops. The London-based International Sugar Organisation predicts that global consumption of sugar is likely to outstrip production by 9m tonnes next year, forcing food companies and governments to dig into stockpiles. In the US, snack producers including Mars, Nestlé and Krispy Kreme Doughnuts put pressure on the US…

PLEASE HELP ME MAKE A GRAPH ON ITS SUPPLY AND DEMAND AND EXPLAIN THE EFFECTS ON THE PRICE AND QUANTITY IN THE MARKET. INCLUDE THE FOLLOWING ALSO: Reason of the shift (supply & Demand) indicate what is the problem or what have caused (factors) of the issue what you can suggest to this issue   In the Philippines, Onions Are Now More Expensive Than Meat. Here’s Why Soaring prices of onions in the Philippines led agriculture authorities to announce this weekend that the country would have to resort to importing around 22,000 tons of the vegetable by March, to augment dwindling domestic supply and arrest rising costs. Onion is a staple of the Southeast Asian nation’s local cuisine—often coupled with garlic as a base of many dishes. The country’s average monthly demand for the vegetable is around 17,000 metric tons.     But as of Monday, Jan. 9, red and white onions in the Philippines were sold for as high as 600 pesos ($10.88) per kilogram, or about $5 per pound, based on the…

Simplest Possible Graph. Consider the following table of observations in the market for juice oranges: Year 1 2 3 Price Quantity $5 $7 $4 100 80 110 Demand is assumed to be stable over time. Use the line drawing tool to draw a supply line for each of the three years to generate the above equilibrium price-quantity combinations. Properly label these lines: S₁, S2, and S3. Carefully follow the instructions above, and only draw the required objects. Price ($) 10- 9- 8- 7- 6- 4- 3- Juice oranges Demand 2- 1- o+ 50 60 70 80 90 100 110 120 130 Quantity of oranges G

Read the following extract and answer the questions that follow:Big fuel price hikes announced for Wednesday, 29 Nov 2021The petrol price will be hiked by 81c a litre on Wednesday, while diesel will go up by between 72.5c a litre (0.05% sulphur) and 74.5c (0.005% sulphur), the department of mineral resources and energy announced. The latest price hike will push the price of petrol - currently around R19.50 a litre - to above R20 in Gauteng and other inland provinces. At the start of November, petrol prices were hiked by R1.21, while diesel increased by R1.48. Illuminating paraffin will go up by 42.2c/l, while the maximum LP Gas retail price will be increased by 183.00c/kg from 1 December. Local fuel prices are determined by international oil prices - as well as the dollarrand value, as South Africa buys oil in dollar. The latest fuel price hikes are due in large part to a sharp fall in the rand against the dollar, which averaged at R15.85/$ over the past month, compared to R14.72 the…

Where do the dots go

I need help with this Supply and Demand question

11. Disequilibrium Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based on the forces of supply and demand. If a shortage exists in the hamburger market, then the current price must be    than the equilibrium price. For the market to reach equilibrium, you would expect

For each of the incident occurred in the cigarette market, explain whether the demand curve or the supply curve is affected and the effects on the equilibrium price and quantity in the cigarettes market. Support your answers with suitable market diagrams. Your diagram should take into consideration the price elasticity of demand and supply for cigarettes. (i) Price of electronic vaporisers ( vapes) increases (ii) Workers in the cigarettes industry have an increase in wages (iii)Research concludes that smoking will cause cancer

Despite acknowiedging the avian flu outbreak, what does Senator Warren attribute most of the increase in egg prices to? How much did Cal-Maine Foods profit increase from December 2021 to December 2022?

I am stuck on this problem, I don't know where to start.  Could you give a step by step on how to figure this problem out. Thank you. There is an increase in demand of 100 units at each price and a decrease in supply of 100 units at each price.  In the graph below, draw the new demand and supply lines. Instructions:  Use the graphing tools, 'D2', 'S2', to plot the new demand and supply lines on the figure and then use the grid lines to determine the new equilibrium price and quantity.

1. Using Figure 12, identify two significant features of the date shown. In your answer, back up your comments with data.

article:The supply and demand factors affecting the farm level price for Irish potatoes have undergone considerable changes in the last two decades. On the demand side, per capita consumption has decreased by almost one half, and the use of potatoes has shifted due to changes in the preferences of consumers. Consumption of table stock and processed potatoes has shifted towards greater and other complementary products. On the supply side, domestic production levels of potatoes decreased by over 30 percent, while the number of potato farmers decreased by more than 75 percent over the same period. Against this background of significant changes in the domestic consumption levels, patterns and production of potatoes, this paper examines the effect of these factors on potato price levels and variability. Farm level price and volatility is a concern for several reasons, as it poses challenges for business planning, debt repayment, and, in some cases, solvency.   Question 1  a) List the four…

11. Disequilibrium Suppose the market for hamburgers is unregulated. That is, hamburger prices are free to adjust based on the forces of supply and demand. If a shortage exists in the hamburger market, then the current price must be equilibrium, you would expect than the equilibrium price. For the market to reach

Was the dramatic increase in egg prices in the winter of 22-23 caused by a natural or artificial shortage? Who or what is to blame for the rise in costs?

Question: What happens to equilibrium price and quantity in a market when there is an increase in both supply and demand? A) Equilibrium price decreases, equilibrium quantity increases B) Equilibrium price increases, equilibrium quantity decreases C) Equilibrium price and quantity both increase D) Equilibrium price and quantity both decrease

Economics

P Panel A S₁ X D S2 Quantity (per period) Panel C S D₂ B) Panel B P C) Panel C Panel B D₁ Quantity (per period) Reference: Ref 3-9 Figure: Shifts in Demand and Supply OD) Panel D S2 D Quantity (per period) Panel D S₁ S (Figure: Shifts in Demand and Supply) Use Figure: Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose the population increases. Which panel BEST describes how this will affect the market for apples? OA) Panel A D₁ D₂ Quantity (per period)

Question: The demand for goods of an industry is given by the equation PQ = 100, where p stands for price and q for quantity demanded. Supply is given by the equation 20 + 3p = q. What is the equilibrium price and quantity demanded?